The Centenary, a sectional title block, offering coastal commercial property, adds yet another angle of convenience to the New Town Centre in Umhlanga. The Centenary offers the advantages of location that is unique and quite rare for any South African business area. A mere 15 minuets from Durban, this bustling business environment enjoys easy access onto the network of national roads. Surrounded by motor dealerships, banking institutions, Gateway Theatre of Shopping and The Crescent, it is little wonder that this exclusive area is flourishing.
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3 tiered development structure. |
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Easy access to National Highways. |
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Ample parking with access control. |
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Range of investment opportunities. |
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Close to local amenities. |
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Combination of commercial and retail aspects |
New Town Centre Umhlanga
The past two years has seen a shift in the relocation of some Kwazulu-Natal’s large firms to the La Lucia Ridge and Umhlanga area. Large corporations such as Unilever, Rand Merchant Bank, Discovery Health and Deloitte & Touche have chosen New Town Centre (NTC) as their address, partly due to the natural progression towards this area, as well as to the ample facilities on offer.
NTC boasts the state-of-the-art Umhlanga Hospital and Medical Centre, as well as a host of the finest residential properties and private schools, and is only a few minuets away from the pristine beaches of Umhlanga Rocks.The brainchild or Moreland, a division of Tongaat Hulletts Group, NTC has become a model for the future urban developments in South Africa, not only due to its revolutionary urban design and functionality, but to the form and beauty that the area has managed to create and maintain.
Advantages of Sectional Title
The concept of sectional title ownership has for the most part been a foreign concept to South African Investors; however the recent emergence of this popular option has led to immense demand for sectional title office and industrial properties.
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Purchase own property. |
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The title is registered in their name. |
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Bond Finance is generally readily available. |
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Sectional title owners do not require consent from trustees when buying or selling units. |
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Costs are cheaper due to shared running costs of communal property. |
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Costs involved in the maintenance of small exclusive use areas is low in comparison
to full ownership. |
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Sectional title is often the preferred choice of many South Africans. |
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Good investment due to its affordability and good returns.
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